Global Laryngoscope Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s laryngoscope market report forecasts the laryngoscope market size to grow to $0.41 Billion by 2027, with a CAGR (compound annual growth rate) of 10%.
Learn More On The Laryngoscope Market Report 2023 – https://www.thebusinessresearchcompany.com/report/laryngoscope-global-market-report
Laryngoscope Market Size Forecast
The global laryngoscope market is expected to grow from $0.25 billion in 2022 to $0.28 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The laryngoscope market is expected to grow from $0.41 billion in 2027 at a CAGR of 10.0%.
Asia-Pacific held the largest laryngoscope market share.
Key Laryngoscope Market Driver – Growth In The Prevalence Of Laryngeal Cancers, Infections, And Chronic Respiratory Diseases
In 2020, approximately 99,840 people died of laryngeal cancer worldwide. Moreover, in 2020, in the United States, there were 12,370 new cases and 3,750 deaths from laryngeal cancer. Therefore, the increasing prevalence of laryngeal cancer increased the demand for laryngoscopes and thereby contributed to market growth.
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Key Laryngoscope Market Trend – Adopting Robot-Assisted Laryngoscopy
Growing complications or risks associated with advanced and experimental procedures contribute to increased demand for robot-assisted laryngoscopy. The characteristics of robot-assisted devices such as reliability will increase precision levels and have near-absolute geometric accuracy, which helps to reduce the workload of the specialists and improve patient care. Implementing robotic systems leads to faster skill development than manual procedures, and also improves performance and safety. Johns Hopkins University developed a robotic tool to improve surgeons’ access to the larynx (voice box). The experts are designing a robotic laryngoscope that can be used with one hand like a joystick.
Laryngoscope Market Segment
1) By Type: Indirect Laryngoscope, Direct Laryngoscope
2) By Product: Video Laryngoscopes, Standard Laryngoscopes, Fiber-optic Laryngoscopes
3) By End-user: Hospitals, Clinics, Medical Examination Center
Laryngoscope Market Major Players and Strategies
Major players in the laryngoscope market are Ambu, Hill-Rom Holdings, Inc., KARL STORZ, Medtronic, Olympus, HOYA, Roper Technologies, Inc. (Verathon, Inc.), Richard Wolf GmbH, Schoelly Fiberoptic GmbH, and Welch Allyn Inc.
The Laryngoscope Global Market Report 2023 covers regional data on laryngoscope market size, laryngoscope market trends and drivers, opportunities, strategies, and laryngoscope market competitor analysis. The countries covered in the laryngoscope market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The laryngoscope is a medical device used to view and examine the larynx and vocal cords in the throat. This device is also used during tracheal intubation in patients requiring ventilator support.
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